Tembusu, which bought Salins from Mungunshagai Batsaikhan, said the acquired holding company has as sole asset ZHCH Mining LLC, a coal transportation and logistics services firm in Mongolia, the buyer said in a statement.

Salins and ZHCH have not yet started operations andA therefore had no previous revenues.

Salins calculated New York has a gap of at least 12,000 to 16,000 units per year; needs 20,000 units per year "just to stay even;" and 40,000 per year when factoring in the replacement of the older housing stock to keep conditions and prices in line with those of other American cities.

Salins assumes an average dwelling unit life of 65 years - the national average is 35 - and so believes 1.

Ingres Corp, a business open source software company, has announced that Les Salins du Midi, a producer of salt in Europe, has implemented an Ingres open source database to develop a computerised sea salt production solution.

A spokesperson for Nortel France said that the solution will allow employees to use their laptops or mobile phones as true virtual offices and that Salins is one of many businesses that have deployed the solution since its launch in September 2004.

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